https://www.taxtmi.com/caselaws?id=372927 The ITAT Delhi bench allowed the appeals for assessment years 2006-07 and 2007-08, ruling in favor of the charitable society. The ITAT held that the hostel and transport facilities provided by the society were integral to its educational activities and not separate commercial ventures. The ITAT granted the society exemptions under sections 11 and 12, overturning the CIT(A)'s decision to treat the entire gross receipts as taxable income. The ITAT emphasized that the surplus from the hostel and transport facilities could not be considered business income, ultimately rejecting the CIT(A)'s enhancement of income. en-us Thu, 15 Nov 2018 00:00:00 +0530 Thu, 03 Jan 2019 08:11:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372927 The ITAT Delhi bench allowed the appeals for assessment years 2006-07 and 2007-08, ruling in favor of the charitable society. The ITAT held that the hostel and transport facilities provided by the society were integral to its educational activities and not separate commercial ventures. The ITAT granted the society exemptions under sections 11 and 12, overturning the CIT(A)'s decision to treat the entire gross receipts as taxable income. The ITAT emphasized that the surplus from the hostel and transport facilities could not be considered business income, ultimately rejecting the CIT(A)'s enhancement of income. Case-Laws Income Tax Thu, 15 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372927